Thailand SEC Seeks Public Input on Exchange-Issued Tokens – Submit Feedback by July 21
Thailand’s securities regulator is stirring the pot with a new consultation on exchange-issued tokens—and the clock’s ticking for industry players to weigh in.
Deadline looming: The SEC set July 21 as the cutoff for public comments, signaling potential regulatory shifts ahead for crypto exchanges.
Why it matters: This move could reshape how trading platforms operate in Thailand—either as innovation boosters or yet another case of regulators playing catch-up with blockchain’s breakneck pace.
Between the lines: While the SEC frames this as ‘stakeholder engagement,’ cynics might see it as bureaucratic box-ticking before slapping fresh red tape on the sector. After all, what’s finance regulation without a good old-fashioned compliance headache?
Thai SEC Proposes Changes
With the changes, the Thai SEC still intends to maintain “investor protection and regulatory mechanisms for preventing and managing conflicts of interest,” prevent “market manipulation of digital assets,” and prevent “unfair practices (insider trading).”
Under the proposal, exchanges WOULD be allowed to list ready-to-use digital tokens or coins issued by themselves or related parties, provided the assets are used for on-chain transactions. Exchanges would also be required to publicly disclose any related-party connections tied to listed digital tokens.
“The Exchange shall disclose the names of persons related to digital token issuers who have provided their digital tokens on the Exchange for all types of digital tokens and display symbols (alerts and alarms) in the e-reporting system,” the agency said.
Exchanges will be given 90 days to update disclosures for existing tokens once the rule takes effect.
Public consultation documents are now available on the SEC’s website and Thailand’s central legal system portal. Comments can be submitted until July 21 by email or through the designated channels.
Thailand’s Cabinet has approved a new tax measure to accelerate its ambition of becoming a leading global hub for digital assets.#thailand #taxhttps://t.co/HgLTU3EC35
Thailand Adjusts Digital Asset Regulatory Framework
Thailand has made incremental adjustments to its digital asset regulatory regime in recent years, including raising standards for custody and exchange supervision. The new rules under discussion suggest an effort to reconcile the growth of blockchain-based assets with compliance and oversight obligations.
Feedback from the current consultation may influence future policy adjustments, especially around transparency requirements and the role of exchange-issued tokens.
Authorities across Southeast Asia are changing their regulatory frameworks to respond to the growing involvement of digital asset exchanges in token issuance and platform-based finance, prompting closer scrutiny of internal affiliations and disclosure standards.
Frequently Asked Questions (FAQs)
How could the new rules impact investor behavior?Clearer disclosures of affiliated parties and usage conditions may help investors assess risks related to token provenance and exchange influence.
What enforcement tools will the SEC use to monitor compliance?The e-reporting system is expected to support real-time monitoring of issuer relationships and flag potential insider trading activity or listing conflicts.
Could this affect Thailand’s competitiveness in the digital asset sector?Formalized listing rules may improve regulatory clarity and support exchange growth, provided the requirements do not create barriers to participation.
